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Japan Extends Insurance Scope of Overseas IP Litigation Expense

2017/06/23

Japan has extended the insurance scope of overseas IP litigation expense from the Asian area to global area (Japan and North Korea excluded), so as to make target insurance areas optional by enterprises in Japan. Premium limitation is also increased to 30 million-50 million yen from 5-10 million yen. Established in 2016 by Japan’s Patent Office (JPO), the overseas IP litigation insurance will function as a security net when SMEs are involved with IP disputes in Asian area headed by China.



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